About your Search

20130318
20130326
Search Results 0 to 5 of about 6
of the nation of cyprus. the government elected to come up with a plan be after the parliament levied a tax of up to 10% on anyone who had any bank deposits. now the question is whether they going to do. this is important for us and of course, that can affect our 401k. but that dow average just hit a record high. greg is following the story from london. reporter: that's right, folks today are scrambling to come up with a new way from dragging all of your done with it. they voted down a plan that would see big bites taken out of private bank accounts. again, there has to be a way to get this country out of the way. one way to do it is lax banking regulations. moscow has a stake in all this. officials are reportedly looking for a big loan. back in, with strings like energy and getting rights for the people. the banks are worrying that people. we are told that it could be closed until some kind of deal is done. atms are working. you can get about $1300 out of it and atm each and every everyday. but the hitch is that the atm's run out of money by about 7:30 a.m. so you have to get there early.
2011, it's being talked about heavily to get this, uma, to tax bank deposits in italy. so we had that bank deposit tax rejected in cyprus, these other measures are still in flux right now to save the banking system in cyprus. the situation is pretty dire right now. we're waiting for the deadline to pass on monday, see what happens there, uma, i'm going to give it back to you. uma: it's definitely scary, and the stakes remain quite high. thank you sop for that update. jon: a woman who is seen on surveillance video is then found dead just hours later. now police help the public will help them find her killer. the latest on this murder investigation. >>> and sweeping renovations could be coming to guantanamo bay to the tune of $49 million. a look at what the pentagon is proposing for the detention camp there and what it means for taxpayers, that includes you. it's coming up in a live report. hey. they're coming. yeah. british. later. sorry. ok...four words... scarecrow in the wind... a baboon... monkey? hot stew saturday!? ronny: hey jimmy, how happy are folks who save hundreds of d
in our currency. as part of the deal, this is the key. the local government raising taxes and puttings levies on some bank deposits. greg palkot is live outside parliament in the capitol of cyprus with more. greg? >> reporter: hey, jenna, the folks in cyprus right now are breathing a sigh of relief. they have avoided going under but at a cost. the deal struck with the european union was a tough one. probably why we saw protests here every day we've been here. one big bank will be shut down of the that will cost jobs. money from accounts of big uninsured depositers will be seized to the tune of 30% or more. small depositers will be spared but the little guys will suffer another way. the economy here is set to slow down. here is what we felt out on the streets of nicosia hire today. you might get some cash out of atm. in cyprus and there might be a bailout in place but in fact it is a holiday in this country. we talked to the folks here and their mood is definitelily not sunny. old money. you think that is better than the new money, the euros because of what happened? >> yes. because, be
the house republican, paul ryan, budget plan. >> hand out more budget-busting tax breaks for the wealthy, and to pay for these wasteful tax breaks, ld -- it would end medicare guarantee, it would raise tax on middle class families. to appease the tea party, the ryan republican budget would risk recovery, and that's just a price too high. >> reporter: needless to say, republicans disagree. they believe that their budget which ultimately, they say, would balance, would provide more opportunity and more jobs for the american people, jon. jon: obviously, both sides trying to get their points out. what are the republicans saying about these budgetary matters? >> reporter: they're going after the budget that was proposed by senate budget chair patty murray. they say it increases spending, increases the debt, never balances and raises taxes. senate republican leader mitch mcconnell a few moments ago called it extreme. >> a party that once cared about hard working american families seems of to have gone off the leftmost edge of the reservation with this budget. d.c. democrats' priorities are jus
, a trillion dollars in tax increases over the next ten years. even so, new benefits such as free preventive care come at a cost to someone such as physicians and hospitals. listen. >> having the costs covered for the patient of mammograms and colonoscopies is all well and good, but when the reimbursement to physicians and to facilities is below cost, facilities and doctors won't provide those services. >> reporter: now, in the meantime, new regulations for the health care law are pouring out. listen. >> there have been 17,000 pages of regulations issued so far. i don't think anybody knows exactly what's in all of them. >> most of what's going to happen was not actually written in the legislation, it is up to the discretion of the obama administration. >> reporter: now, all that's creating uncertainty which the federal reserve found is discouraging companies from hiring. others are cutting employees' hours to avoid government mandates. >> obamacare as a health care issue may, in fact, become secondary to obamacare as a jobs issue. >> reporter: obamacare was almost universal coverage and lowe
citizen pay a tax on their bank deposits whether they wanted to or not. they would take that from the savings accounts. this is the first time we've seen a eurozone bailout structured in such a way. if it passes. if it doesn't, cypress says it will grow bankrupt. right now minimal effects on our markets here at home. but the dow is trading lower. here is background on cypress. it is at the eastern end. mediterranean sea, 30 miles south of turkey. you see it on the map. it is a very small country, smaller than the state of hawaii. its population of a little more than a million people is roughly the city of dallas. its gross domestic product of $23.6 billion is about the same as the state of vermont. there will be a quiz on all of this later. charles payne, fox business network around ceo of w street.com. charles, a little country. why such a big deal? >> it is such a big deal for several reasons. first of all we know greece is small country, not as small as cypress but these things have a ripple effect. also the draconian nature of this. everyone watching this thinks their saving a
Search Results 0 to 5 of about 6

Terms of Use (10 Mar 2001)